Alexis Ohanian, the co-founder at Reddit, recently committed $100 million to grow decentralized social media projects on Solana. This initiative will be led by his venture firm, Seven Seven Six, along with Solana Ventures. “With a high-performance blockchain like Solana, there is an unprecedented opportunity to fuse social and crypto in a way that feels like a web2 social product but with the added incentive of empowering users with real ownership,” Ohanian said in a statement.